Australia's #1 consumer credit insurance refund experts. Helping everyday Australians get compensation for being sold 'dodgy' junk insurance on loans & credit cards.
In 2018, The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry revealed that Australia’s big four banks have been ripping off customers by selling unnecessary and worthless insurance products attached to loans and credit cards.
These products are often referred to as “junk insurance”.
If you have purchased a car on finance or taken out a credit card or loan, you may have paid junk insurance that is essentially useless to you. Motor vehicle dealers, finance companies, and banks often added insurance or warranties onto loans costing you thousands of dollars.
Often, you pay premiums for cover you do not understand, nor need. Worse still, you might be sold the cover without even knowing you bought it.
Claimo has successfully helped over 1600 Australians seek refunds from banks. Securing back more than $5 million in junk insurance refunds.